Reported about 16 hours ago
Mastercard reported that holiday retail sales increased by 3.8% year-over-year, surpassing earlier predictions due to a significant rise in online shopping. Their SpendingPulse survey indicated that online sales grew by 6.9% from November 1 to December 24, while in-store sales rose by 2.9%. The data suggests a consumer trend focused on finding deals, with a notable 10% of purchases occurring in the last five days before Christmas.
Source: YAHOO